Dime Bancorp Inc (fka DIMEQ)

[mrholty]

Oddly enough, the best outcome for DIME, Class 12 status, is accounted for in the current plan construct, and therefore is not an impediment or a possible impediment to confirmation.

Mediation isn't in case of a favorable Class 12 ruling.

What do you mean? Are you assuming that if the plantiffs won and DIMEQ was placed in to 12 that they would simply use up $337M of teh $375M currently sitting there. I have assumed all along that if we won, Art's legal time would be in addition to the $337 so that would $40M at most and maybe $20M left in class 12 for the $54B in potenital claims that have to be worked through.

I've assumed they would move what they could from the Piers ($74-$250M depending on which page you read) and then some from class 17a/b. Thinking about this pisses me off about the Trustee for the PIERS.